The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-09-28

10 lOur large pages oil the register, but
We are adding largely IN the hotel &C.
commoca IS, T. Q lsnd company
has nearly completed beautiful
hotel costing about S65,C00 This will
be ready for occupancy about the Goth
OF October proximo. We lave also
dug the foundation o, a mammoth
hotel, which when completed will be
$50 feet long aud contain on the
ground floor twsnty.iour storerooms
about 25xl2o feet. The upper
stories will consist Of about AGO rooms
for hotel purposes. These stores
have already BEEN applied fora prices
which will pay good interest On the |
cost Of the entire building. IL will,
however, require a year to complete
this great hotel, which will coat about
$500. 900. A great many brick blocks
Of stores are either now being built or |
IN aterisl 10 being gathered on the spot,
Scores OF reeidences arc also going mp,
but there is nead for ten Business
houses and residences to every ore
now In sight, and l know OF no batter
investment than the purch ase Of lote
and building houses Of any kind
thereon In Decatur. Ia order
measurably 10 provide for this
great and growing demand, II is pro-
posed 10 orgsniz, q building ana In
vestment company with 81 100000
capital, divided into shares Of $40
each, 20 per cent. Of which will be
payable at the time Of organization,
the balance payable at the rate Of 90
cents per share per month until all is
paid In. However, II was only last
night that preliminary meeting Of the
cit rans considered and agreed 30 sug.
gest the plan, and II may be materially
amended before anal adoption. lu'
formation In detail, however, eau be
had upon application 10 the president
or The cashier Of the Fret National
Bank oil Decatur, or Jadge ii. q,
Bond, vice.prsSident OF the Decstur
Lard, Improvement and Fornsee
Company, or any real estate agent in
that place, OF whom there are many,
and, 30 far as ! know them, they are
active, intelligent and reliable busli els
men. 1t Ia believed by safe buginets
msu, who have investigated the plans
proposed, that the stock OF such O
buildirg aud improvement company
will be not ouly an absolutely sale In.
yeetment, bat will very soon pay very
handsome d vidends from rents and
sales Of improved property.
"What Ia your opinion as 10 the in.
iribslc value Of the stock OF the De.
cAur Land, Improvement and Far.
mace Company y
"well, cir, that is decidedly q lead.
ing question. as the lawyers say; but
| will not object 10 u on that account.
/ have, however, made II q rule OF my
business life TO exercise great care
before expressing an opinion or giving
nd vice rs 10 the inves ment oi money.
| do not, however, hesitate 10 adyse
every stoekholder OF the Decatur
Land, Improvement and FOrnace
Company against ceiling his stock at
anything like he present market ptiC +,
which is from f27 80 10 $50 per 9 are,
Vhsn it In possible for them 10 hold
on IN T.. could not here undertake
q full difcuAsion Of the .nalrs NJ the
company, but suffice II tn cay tnA' W
have nov disposed Of les, than l6O
acres Li the 5000. rhele 49,
acres Include the tites donated
10 manufacturing establishments
aud ell the lots We have sod
aud yet these sales of lots smouu
TO date 30 an amount near.y equal 4
the entire COS, OF tho whole property
This may seem almost inored'
lble, snd yet Il is true. thir 4
our stock 10 today in,rlDslcally
worth 800 per share instead Of the
prlc.s Il Ia bhnglng. Although our
sales have all beNn m'ds privately end
In the Office Of the company, and
through local rel ettate agents, and
m I nov remember, inclu c 'rn ttaE
ill.y acres OF our entire town Aite ol
some 60O0 Aorse, 20. they have
amounted 10 more thnu 100000 "a
date.
How do ron account iii the iac'
that your sock laa rnhrnpsd o i'y
| from 40 to 30 p.r cen. tinU. our con-.
paay was f,auI d. ylta fuch asbCw
ing as YOU can make NJ 10 thele great
ysluet p
There are ssysTa. calses i1r thls
la the fret place, abl NJ the time
this ccmpany vse organ z)d, or durins
a few weeks thefeafter, q num Der o.
town scht mes we're 1ered 10 the pub
lie. 40 unprecedented was the success,
In the prompt BubscIip iOn 10 the DO
calur stock u oil being subscribed ir
lees than three dAys) that 'everyb dy
and his brother started nes
town. Many Of these ch!men
cal tchsmts ston faded away
and Il required time and lnyeaig iga
ton 10 draw proper dlatinctionI
bstSe5n tho meIitoIious and IN,
worthless enterprises OF this kind
Another feispn why the price Of oul
stock has not enhanced 10 somethin,
like lie intrinsic value is thet a mum
Der Of the stoek holders could not con
ysnlenlly wait for larger pr, it,, bu
needed all available means Tor busi
ness enterprises, but the stock is nov
very gradually absorbed by thoss WHIT
are determlEed 10 hO.d IL ~ q psrma
nent investment"
"Still another reason 10 the kmpora
ry e,ringency OF money In The duan
uiai cenleis Of the country. This vii
doubtless subside ~ the crops arr
marketed. Sin another. and pefhap
the most potent OF all the reasons Ia
account ng for lack OF more rapid On
hancemsnt In price Of the stock, 4
that the company 10 OF such recen
origin that the public generally hav'
a. ye, known very little OF lie grea
properties and their value"
"0ne other question Who are th'
directors OF your company
Il am glad 10 argwer that question
also. for In my opinion no corpora'ioI
was ever managed by more compe
tent board OF directors. They are leve
. htaded. found, conservative and ye
enterprlslng business men, we'll knoui
, thIoughou. business and hnancial cir
cles. First, l will mention judge II
, q. b nd, formerly Of NeF York, nos
Of y catur, who 10 our vice presi
dent and buainese manager. He ha
, peculiar qualifications for his work
, carefully locks after all details an'
! has * ensive buslress experienced
ND. u. X. Btevens, president Hunt
/ vile NltIonal Bank, Huntsville, Ala
/ w, j. .WooteD, vice preaident, "
, tumhla RANKING Company, COlumbIa